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Oct 2, 2012
10/12
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the obama budget has been scored by the cbo and has a 2.4% deficit-reduction in the next 10 years. you can argue over what you think that is enough in not to stabilize the debt to gdp ratio but conversely, i'm not actually sure i would want to see ronnie detail all of the tax expenditure changes he says he will come up with. the problem, of course, is betting campaign, if people -- is tt in campaigns, if people start putting out more detailed proposals, demobilize the opposition. this is kind of like the 1993 securities commission. the two parties can hold hands and they do not start out being a brahney proposal or an obama proposal or a republican proposal or a democrat proposal. i am interested in what is in the debates in the next four weeks -- i am less interested in what is in the debates in the next four weeks and then what the vendor does in the weeks after the election. >> why would you like to hear -- what would you like to hear obama say in the weeks after the election? >> we are not going to have a deal that does not have revenues and spending. the biggest obstacle is on
the obama budget has been scored by the cbo and has a 2.4% deficit-reduction in the next 10 years. you can argue over what you think that is enough in not to stabilize the debt to gdp ratio but conversely, i'm not actually sure i would want to see ronnie detail all of the tax expenditure changes he says he will come up with. the problem, of course, is betting campaign, if people -- is tt in campaigns, if people start putting out more detailed proposals, demobilize the opposition. this is kind...
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Sep 30, 2012
09/12
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the fed is actually reducing the deficit and making huge profits returning record amounts of money to the treasury as a result of previous quantitative easing, so it's the opposite of spending your tax dollars. the fed a legally independent and ran by a guy originally appointed by george w. bush. this is just so completely over the top that we decided to do a piece on that particular email. pretty much, these messages to true believers have to exceed what we have already the bonds before we pay attention to them. we are out of time. thank you all for your attention. thank you for your questions. [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> monday, a citizen's guide to the 2012 presidential debate from the national communications association panel looking at the hours of the debates coming up next month. live coverage begins at 1:00 p.m. eastern on c-span. >> you established a third party. you ran twice. you established -- what was the name of it? united we stand? the reform party. do you feel that is nee
the fed is actually reducing the deficit and making huge profits returning record amounts of money to the treasury as a result of previous quantitative easing, so it's the opposite of spending your tax dollars. the fed a legally independent and ran by a guy originally appointed by george w. bush. this is just so completely over the top that we decided to do a piece on that particular email. pretty much, these messages to true believers have to exceed what we have already the bonds before we pay...
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Sep 25, 2012
09/12
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higher deficits can do more damage. you know, the fact is, right now, i would recommend president obama use it in the debate. it is one of the reasons why we have the deficits. that is what they are doing. and so there is not corporate revenue being taxable revenue. the president's plan has been a little bit of moving pieces. they cut the rate to 28%. the president's position is that we should start from the position. we have the lowest corporate revenue to gdp that you could imagine with the highest rate. it is a five alarm fire at the way to address that is to increase taxes. >> i wanted to have a follow-up. i heard the interview last night, playing upper income and middle and come. -- income. they would not see their taxes changed overall. he talked about loopholes but did not go into specifics. help us understand what the dividing line is between middle income and upper income in his mind. >> i am not a psychic, it is not a conversation i have had. it is definitely where you draw the line between upper and middle in
higher deficits can do more damage. you know, the fact is, right now, i would recommend president obama use it in the debate. it is one of the reasons why we have the deficits. that is what they are doing. and so there is not corporate revenue being taxable revenue. the president's plan has been a little bit of moving pieces. they cut the rate to 28%. the president's position is that we should start from the position. we have the lowest corporate revenue to gdp that you could imagine with the...
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Oct 2, 2012
10/12
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there is a lot of talk about deficit and long-term growth. the subject of long-term unemployment has virtually disappeared since obama decided to abandon the stimulus, and i do not think in my ideal media world -- the media would be more effective at moving issues like that back on the agenda. >> ok. pessimistic and all of the things that they have a hard time being. i thought we were famous for complaining all of the time. one or two notes before i get to the awful stuff. first of all, it is truly uplifting, i think everyone would agree, to see so many people turning out on an early saturday morning when you could be doing other things. there has to be a rerun of " housewives of orange county," or sipping cappuccinos, rather than talking about this. as someone who has knocked around in for a few years, it is truly cheery to me to see that passion out there and that you have voted with your feet in such numbers, so thank you all for making me feel good. as i look across the coverage of this campaign, there are a few things i think are worth p
there is a lot of talk about deficit and long-term growth. the subject of long-term unemployment has virtually disappeared since obama decided to abandon the stimulus, and i do not think in my ideal media world -- the media would be more effective at moving issues like that back on the agenda. >> ok. pessimistic and all of the things that they have a hard time being. i thought we were famous for complaining all of the time. one or two notes before i get to the awful stuff. first of all,...
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Sep 30, 2012
09/12
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we can get away from the deficit. this hurt those people who had committed most to us in the sense that, what is going on here? here is this guy who was a arrested with illegal weapons. what was he doing? this hurt the trust. we just recovered from that when we have the osama bin laden raid. i am convinced, as most people will look at the evidence are convinced, that the top leadership, military, intelligence, and civilians, did not know osama bin laden was in abbottabad. all of us were exhausted from staying up a whole night. it was a punch drunk meeting. the first thing they said was congratulations. they realize someone who they were against and wanted to see gone was gone. it was only a few days after that that they realize that the political price the military was paying that that became manifest, when public american commentators said you are either implicit or incompetent, it happen to be true. it put them very much on the spot. the response by those pakistanis who had committed to working with us -- in the sum
we can get away from the deficit. this hurt those people who had committed most to us in the sense that, what is going on here? here is this guy who was a arrested with illegal weapons. what was he doing? this hurt the trust. we just recovered from that when we have the osama bin laden raid. i am convinced, as most people will look at the evidence are convinced, that the top leadership, military, intelligence, and civilians, did not know osama bin laden was in abbottabad. all of us were...
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Sep 25, 2012
09/12
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if we want to look at the deficit, everybody knows the problem with the deficit. who do we think is more likely to deal with the deficit? someone who has run it up over a trillion dollars every year he has been in office? is that too is going to do it to? or do we think governor romney, a businessman who is committed to fiscal responsibility is going to do it? who is going to do it to? if the barack obama is in the white house four years from now, he will have appointed one half of all federal judges and he will have changed the complexion of the added states supreme court for decades. can we stand that in this country? is that what we want to? no. foreign affairs. the president of the united states went to new york today, yesterday. other presidents have gone to meet with world leaders to sit down with the israelis and other allies, people who he needs to understand. and interesting article this morning about his failure to do that. he went to new york not to meet with world leaders, he is on "the view." [booing] what a sense of priorities. he said after our amba
if we want to look at the deficit, everybody knows the problem with the deficit. who do we think is more likely to deal with the deficit? someone who has run it up over a trillion dollars every year he has been in office? is that too is going to do it to? or do we think governor romney, a businessman who is committed to fiscal responsibility is going to do it? who is going to do it to? if the barack obama is in the white house four years from now, he will have appointed one half of all federal...
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Oct 3, 2012
10/12
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keep printing money and expecting the world to take it or buy treasury notes to fund trillion dollar deficits forever. the economy is slow and going into another dip. i actually think the next president will have a moment between november 7, and i do not know, this summer or fall of 2013 to do a lot. i would bet there is a huge legislative agenda in 2013. i did not really by the gridlock argument. if obama gets reelected, evil have a mandate basically -- he will have a mandate basically the lesser version of bowel- simpson. if romney wins, he will have a mandate for some version of the right and budget, probably tempered a little bit to get democratic votes. if he becomes president, he what the mandate for something close to that. either way, we will probably get a pretty big deal. i think 2013 becomes a big entitlement reform, tax reform, budget reform moment. there will be an amazing pivot on november 7. suddenly the campaign will be over. guess what, we are going to have entitlement reform. all of the things is that about mitt romney will destroy america, suddenly we will do something that
keep printing money and expecting the world to take it or buy treasury notes to fund trillion dollar deficits forever. the economy is slow and going into another dip. i actually think the next president will have a moment between november 7, and i do not know, this summer or fall of 2013 to do a lot. i would bet there is a huge legislative agenda in 2013. i did not really by the gridlock argument. if obama gets reelected, evil have a mandate basically -- he will have a mandate basically the...
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Sep 30, 2012
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for instance, has numbers that are well known, and germany, it is really getting close to a neutral deficit situation. but they still have a fairly heavy debt burden on their shoulders. first, it is difficult to the country specific within the european union, even more so with than the eurozone. second, they are growth conducive -- there are growth conducive policies to put in place. in the short term there are budgetary allocations can be used to simulate the job market and give people training, making sure that this still fits what was described by others before me. that is one example. the second example, which has more to do with medium-term and long-term is the series of reforms within place in many of the euro area member states. stronger competition authorities for those professions in other places as well. that is what i mean by growth- friendly measures. short-term for some, no medium terms in results, consequences, or affects. >> a big extension of that, what is your sense of how long it will take those stressful measures of the type the mentioned to pay off? especially in terms o
for instance, has numbers that are well known, and germany, it is really getting close to a neutral deficit situation. but they still have a fairly heavy debt burden on their shoulders. first, it is difficult to the country specific within the european union, even more so with than the eurozone. second, they are growth conducive -- there are growth conducive policies to put in place. in the short term there are budgetary allocations can be used to simulate the job market and give people...
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Sep 25, 2012
09/12
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the reason was if he made them a permit, you would bust the deficit. it is time to let those tax cuts expire for those making more than $500,000. if they go back to where they were, we were in belt largest expansion in the history of the united states. fix medicare. allow negotiations for prescription drugs. that will save $240 billion over 10 years, and finally, takeaway subsidies from the big oil companies. they are very profitable, but they do not need our help. what you end up with then is not a $1 trillion problem. you end up with a problem in the $200 billion range. raising the ceiling, a default for the nation. he spoke out against the fairfax chamber and other chambers, and now he is saying, "wait a minute. we cannot make cuts." when he is running as the guy who wants to make cuts. he has more sides then a rubik cube. >> what your so-called plan would do to jobs. i think you should be taking into account what the impact is on jobs, and our economy, which is a major, major concern. you talked about bob mcdonnell and eric cantor. what they did wa
the reason was if he made them a permit, you would bust the deficit. it is time to let those tax cuts expire for those making more than $500,000. if they go back to where they were, we were in belt largest expansion in the history of the united states. fix medicare. allow negotiations for prescription drugs. that will save $240 billion over 10 years, and finally, takeaway subsidies from the big oil companies. they are very profitable, but they do not need our help. what you end up with then is...
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Sep 30, 2012
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a bunlet deficit, but also an investment of jobs, an income deficit. people are working harder for less money than they were making ten years ago. the $16 hundred drop in the st two years. the problem with the perot prescription is that a economists that talk about it, if you cut the deficit, it will slow down the economy. that's why i think we shouldn't do it that quickly. we have a discipline over the next five years. first, et inseptemberives to inv we have to investgrowth. they have endorsed that approach because it offers the best growth to put america back to get the income rising. >> president bush. >> i disagree with mr. don't think it's fair to slap a 50 cent tax over the many years of the people that drive for a living and peop that go long distances. i don't think we need to it. i agree what talking getting the spending down and the discipline although i think we should exempt social security. he's talking tough medicine. i diith the tax and spend philosophy. i don't think we need to tax more and spend more and say that is going to make the
a bunlet deficit, but also an investment of jobs, an income deficit. people are working harder for less money than they were making ten years ago. the $16 hundred drop in the st two years. the problem with the perot prescription is that a economists that talk about it, if you cut the deficit, it will slow down the economy. that's why i think we shouldn't do it that quickly. we have a discipline over the next five years. first, et inseptemberives to inv we have to investgrowth. they have...
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Sep 26, 2012
09/12
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is going to bring the deficit down. of course he did not. he doubled it. he said we would get more people working. his plan is another stimulus. how did that first one to go? how about a hundred billion dollars? how much of that did you get? clunkers. he has won a new idea. one thing he did not do. he said he will do in the next four years. he said he will raise taxes. for anyone -- does anyone think raising taxes will help the economy? >> an el. >> the status quo has not worked. we cannot afford four more years of barack obama. his plan and his approach says, fundamentally, the government knows better than you, how to live your life, how to pick winners and losers. how to pick products that have a future. that a group of bureaucrats, of a real smart people working hard, good people at work in washington, but he has the few that somehow know better. so he is going to put them in the most important or one of the most important relationships that you have, the one between you and your doctor. he is going to put government between their if he has his way. he
is going to bring the deficit down. of course he did not. he doubled it. he said we would get more people working. his plan is another stimulus. how did that first one to go? how about a hundred billion dollars? how much of that did you get? clunkers. he has won a new idea. one thing he did not do. he said he will do in the next four years. he said he will raise taxes. for anyone -- does anyone think raising taxes will help the economy? >> an el. >> the status quo has not worked. we...
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Oct 2, 2012
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and accumulating greater debt, that the country had a budget deficit, a trade deficit, a balance of payments deficit, and the fourth one you brought up was a leadership deficit. >> leadership is the greatest. >> can i ask you both, describe what is the problem with what appears to be in your mind a leadership deficit, that we're not getting the leadership on this key issue either from this president or past presidents, this congress or pass congresses/ what does it take to get elected officials to tackle at an issue, increasing their taxes? >> let's start with the families. they will get their attention. the voters have to understand all this, which they did not, and voters need to understand what we have to do to get all this corrected, and they do not. if we ever get that over to the voters, they will vote for the people who are geared up, ready, and know how to do it and are running on that basis, and then we can change this country forever and get us back to where we used to be when i was a boy in the depression. why schoolteachers and would have been doctors, lawyers, indian ch
and accumulating greater debt, that the country had a budget deficit, a trade deficit, a balance of payments deficit, and the fourth one you brought up was a leadership deficit. >> leadership is the greatest. >> can i ask you both, describe what is the problem with what appears to be in your mind a leadership deficit, that we're not getting the leadership on this key issue either from this president or past presidents, this congress or pass congresses/ what does it take to get...
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Sep 25, 2012
09/12
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but we added $5 trillion in new debt to the deficit. for every dollar we spent $3.5 or $4. of debt. the average spending is $7.5. we are borrowing $4. for every buck we spend. the solution, perfect -- for every dollar we are spending $7.5 bucks. >> bob: $5.5 is on taxes democrat is bad math. >> dana: today, david axelrod said president obama doesn't need a plan for that. >> bob: it's a mistake to say that, to say you don't have a plan. >> dana: there are four mistakes in the "a" block from the obama campaign just now. we can say why do they do it that way? >> bob: oh, this one. sorry. >> kimberly: the interview, we don't have time to show the thought of it. but the biggest disappointment depends on the audience. if it's univision, it's immigration. if it's "60 minutes" it's i can't change the tone in washington. but this just in. first picture of president obama and mrs. obama in the taping of "the view" today. you got to love that. >> bob: nice picture. >> kimberly: coming up. did they have ambassador stevens on the hit list before he was killed in libya? the ambassador thought so.
but we added $5 trillion in new debt to the deficit. for every dollar we spent $3.5 or $4. of debt. the average spending is $7.5. we are borrowing $4. for every buck we spend. the solution, perfect -- for every dollar we are spending $7.5 bucks. >> bob: $5.5 is on taxes democrat is bad math. >> dana: today, david axelrod said president obama doesn't need a plan for that. >> bob: it's a mistake to say that, to say you don't have a plan. >> dana: there are four mistakes in...
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Sep 30, 2012
09/12
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deficit. people are working harder for less money than they were making 10 years ago, 2/3 of our people -- a $1,600 drop in average income in just the last two years. the problem i have with the perot prescription is that almost all economists who've looked at it say that if you cut the deficit this much this quick it will increase unemployment, it will slow down the economy. that's why i think we shouldn't do it that quickly. we have a disciplined reduction in the deficit of 50 % over the next four years, but first get incentives to invest in this economy, put the american people back to work. we've got to invest and grow. 9 nobel prize-winning economists and 500 others, including numerous republican and democratic business executives, have endorsed this approach because it offers the best hope to put america back to work and get our incomes rising instead of falling. >> president bush, one minute, sir. >> your question was on fairness. i just disagree with mr. perot. i don't believe it is fa
deficit. people are working harder for less money than they were making 10 years ago, 2/3 of our people -- a $1,600 drop in average income in just the last two years. the problem i have with the perot prescription is that almost all economists who've looked at it say that if you cut the deficit this much this quick it will increase unemployment, it will slow down the economy. that's why i think we shouldn't do it that quickly. we have a disciplined reduction in the deficit of 50 % over the next...
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Sep 30, 2012
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[cheers and applause] we have already reduced the deficit. in four years, we will reduce it by another $1 trillion. there is an easy way to do this. we have to make some difficult decisions. we have to ask the very wealthy to pay more. ladies and gentlemen, we are going to end the war in afghanistan as we did in iraq. [cheers and applause] and in the process, over the next decade, save over $800 million. we're going to come home with that money and put half of it down to reduce the debt and half of it to rebuild america! [cheers and applause] roads, bridges, schools. that will support millions over time. initially, tens of thousands of new, good paying, decent jobs that you can raise a family on. folks, one more thing. in this country, we only have one truly sacred obligation. we have a lot of obligations to the elderly, to the young. we only have one truly sacred obligation. that is to equip and support those whom we sent to war and care for them when they come home from war. [cheers and applause] how many of you either have personally serve
[cheers and applause] we have already reduced the deficit. in four years, we will reduce it by another $1 trillion. there is an easy way to do this. we have to make some difficult decisions. we have to ask the very wealthy to pay more. ladies and gentlemen, we are going to end the war in afghanistan as we did in iraq. [cheers and applause] and in the process, over the next decade, save over $800 million. we're going to come home with that money and put half of it down to reduce the debt and...
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Sep 27, 2012
09/12
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that deficit reduction bill. this summer at the child-care hearing, it made a big difference for parents and providers. let's turn to 1996. the debate was very basic. congress decided to end that child care entitlement at the same time they're ending welfare as we know it. however, advocates joined by governors and congress and the clinton administration, agreed that funds and a doctor was necessary if low income women were facing increased work requirements -- -- in child care was necessary if low-income women ever facing increased work in garments. it was absolutely clear and in that debate that most of the low income women been expected to work or not going to earn enough to pay for child care. this is still true. the battle over quality was eliminated. the governor leading the welfare discussion wanted to completely eliminate minimum standards on the quality set aside. we won bipartisan support to maintain both, but we lost the requirement. there was no meaningful discussion of improvements over those two yea
that deficit reduction bill. this summer at the child-care hearing, it made a big difference for parents and providers. let's turn to 1996. the debate was very basic. congress decided to end that child care entitlement at the same time they're ending welfare as we know it. however, advocates joined by governors and congress and the clinton administration, agreed that funds and a doctor was necessary if low income women were facing increased work requirements -- -- in child care was necessary if...
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Oct 2, 2012
10/12
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[laughter] on the deficit it was that the deficits do not matter. biology boggles some of them, that guy in missouri, too, for that matter. what happens the morning after the election from a loses? i wonder about the morning after the morning after though. we have gone way too far to the right and we need a different republican party. we need a center-right republican party which i think the country really needs. it needs to be a check on the rate -- the left and center left and that is the only way we will get a check on these issues. >> history suggests the second term of clinton and reagan were the productive terms where they had big achievements. it's hard to know whether the republican party, where they will portion the blame if that happens. the question is how they decide to spend the next four years. i think it's very hard to tell, but there is some hope in looking back at both clinton and reagan. >> reagan was also considered a far right and it took running a far right republican party at the time by whoever the thomas friedman equivalent w
[laughter] on the deficit it was that the deficits do not matter. biology boggles some of them, that guy in missouri, too, for that matter. what happens the morning after the election from a loses? i wonder about the morning after the morning after though. we have gone way too far to the right and we need a different republican party. we need a center-right republican party which i think the country really needs. it needs to be a check on the rate -- the left and center left and that is the...
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Oct 1, 2012
10/12
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and accumulating greater debt, that the country had a budget deficit, a trade deficit, a balance of payments deficit, and the fourth one you brought up was a leadership deficit. >> leadership is the greatest. >> can i ask you both, describe what is the problem with what appears to be in your mind a leadership deficit, that we're not getting the leadership on this key issue either from this president or past presidents, this congress or pass congress aes/ what does it take to get elected officials to tackle at an issue, increasing their taxes? >> let's start with the families. they will get their attention. the voters have to understand all this, which they did not, and voters need to understand what we have to do to get all this corrected, and they do not. if we ever get that over to the voters, they will vote for the people who are geared up, ready, and know how to do it and are running on that basis, and then we can change this country forever and get us back to where we used to be when i was a boy in the depression. why schoolteachers and would have been doctors, lawyers, indian
and accumulating greater debt, that the country had a budget deficit, a trade deficit, a balance of payments deficit, and the fourth one you brought up was a leadership deficit. >> leadership is the greatest. >> can i ask you both, describe what is the problem with what appears to be in your mind a leadership deficit, that we're not getting the leadership on this key issue either from this president or past presidents, this congress or pass congress aes/ what does it take to get...
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Oct 2, 2012
10/12
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that increased our deficit by almost $1 trillion. maybe if we can negotiate more, maybe we can have more money left for infrastructure and schools and teacher pay and police officers. that is where we need it. it is not about regulation. i was looking how to make a profit. we overcome the obstacles we find. frome so far removed reality. i don't think you know what the small business is a less it is a hedge fund. this was a difficult thing for me. i was going to ask about the insuring the treasury bonds or why you carve out the spousal exemption for why you took $5 million from sheldon adelson. this is from my son. last year when you and the president went on a budget standoff that threaten to shut down the government, he voted to continue paying members of congress. you voted against a bill which would have been short the members of the armed services continue to get paid. how could you in good conscience vote to continue your own pay but vote to stop paying our servicemen and women that you voted to send into combat in afghanistan?
that increased our deficit by almost $1 trillion. maybe if we can negotiate more, maybe we can have more money left for infrastructure and schools and teacher pay and police officers. that is where we need it. it is not about regulation. i was looking how to make a profit. we overcome the obstacles we find. frome so far removed reality. i don't think you know what the small business is a less it is a hedge fund. this was a difficult thing for me. i was going to ask about the insuring the...
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Oct 3, 2012
10/12
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we are going to explore the progress over the 112th congress and identify deficits. we are going to do my portion very quickly because what is interesting -- let me start by introducing them. on my right is hugh halpern leaders the staff director of the house of representatives committee on rules. on the committee he search as the chief adviser on committee and leadership patterns. immediately to my left is jim harper, director of information policy studies at the cato institute and founder of washington watchdog which keeps a close eye on legislation in federal funding. jim is the washington watchdog -- watch.com several times in the course of this presentation. last but not least is john wonderlich who is the policy director at the sunlight foundation and all-around transparency gadfly. that is his official title. more information about today's panelist on your chairs and transparencycaucus.org. i would like to thank the cochairs of the congressional transparency caucus for getting us this space and opportunity to have a conversation with you today. i promised i wo
we are going to explore the progress over the 112th congress and identify deficits. we are going to do my portion very quickly because what is interesting -- let me start by introducing them. on my right is hugh halpern leaders the staff director of the house of representatives committee on rules. on the committee he search as the chief adviser on committee and leadership patterns. immediately to my left is jim harper, director of information policy studies at the cato institute and founder of...
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Sep 26, 2012
09/12
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,deficit. just us them to explain how the numbers work, because they do not. they do not have a deficit reduction plan. they have a deficit expansion plan. governor romney may think it is fair that someone who makes $20 million a year like he does should play a lower rate. do not boo. vote. i do not think that is fair. i do not think it helps the economy grow, so we cut taxes. we want to keep taxes for 97% of americans, and you have a so you may end up trading in that car. what happens when you spend money? that means businesses have more customers. and they hire more workers. that is what we can do to the economy. that is what we can do today, so i am looking forward to working with republicans to reduce our deficit, but i refuse to us middle-class families to give up their deductions to pay for another millionaire tax cut. [applause] i refuse to ask all the students to pay more for college or to kick children off the headstart program so i can take a tax break we do not need. [applause] we're
,deficit. just us them to explain how the numbers work, because they do not. they do not have a deficit reduction plan. they have a deficit expansion plan. governor romney may think it is fair that someone who makes $20 million a year like he does should play a lower rate. do not boo. vote. i do not think that is fair. i do not think it helps the economy grow, so we cut taxes. we want to keep taxes for 97% of americans, and you have a so you may end up trading in that car. what happens when you...
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sides of the deficit equation. also revenue, by closing some of these loopholes and tax breaks. >> [indiscernible] >> [inaudible] >> i was disappointed that the super committee was not able to get this job done. the impedimenta and then, as it continues to be now, this absolute refusal on the part of republicans in the house to agree to any component as part of the deficit reduction deal. they refused ask the wealthiest americans to contribute one penny more to reducing the deficit. the more time goes on, the more their position becomes not only on justifiable but unsustainable. -- unjustifiable but unsustainable. as we get closer to the edge of the cliff, it will become clear to the american people that what they are willing to go over the cliff, allow middle-class taxpayers to go over the cliff unless they get tax relief for people mitt romney. their position is becoming clear to the american people and untenable. >> let me add to that. a year ago, the republicans held hostage raising the debt ceiling which would
sides of the deficit equation. also revenue, by closing some of these loopholes and tax breaks. >> [indiscernible] >> [inaudible] >> i was disappointed that the super committee was not able to get this job done. the impedimenta and then, as it continues to be now, this absolute refusal on the part of republicans in the house to agree to any component as part of the deficit reduction deal. they refused ask the wealthiest americans to contribute one penny more to reducing the...
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let me talk about what i would cut in order to grapple with our deficit and our debt. i'd end the war, i've worked to end the war in afghanistan which costs us $ billion a week. i would get rid of the sweetheart deal tommy thompson negotiated as head of medicare that makes it illegal for drug companies to bargain with -- medicare to bargain with drug companies for better prices for seniors that one costs us $15 billion per year. welfarerid of corporate for big corporate farms and big oil. i'd also let the bush tax cuts for the top % expire. i also want to look at the record contrast. i already told you about the policies that tommy thompson supported that added over $3.5 trillion to the debt when president bush was in office. i opposed those irresponsible plans that added to our debt. so now in the future, tommy thompson supports a plan that adds trillions more in tax cuts for the very wealthy and raises taxes on the middle class. for's the wrong scription tackling our -- prescription for tackling our debt. >> our next question, from robert kennedy, directed first to r
let me talk about what i would cut in order to grapple with our deficit and our debt. i'd end the war, i've worked to end the war in afghanistan which costs us $ billion a week. i would get rid of the sweetheart deal tommy thompson negotiated as head of medicare that makes it illegal for drug companies to bargain with -- medicare to bargain with drug companies for better prices for seniors that one costs us $15 billion per year. welfarerid of corporate for big corporate farms and big oil. i'd...
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that only pays for 8% of his proposed deficit spending. overseas, where i come from, that means make superior. we both live near canada. the canadians have this figured out. other countries have this figured out. canadians lowered taxes on businesses to 15%. president obama wants the tax rate on our successful small businesses and job creators above 40%. when we tax our job creators at much higher tax rates than foreign competitors, we went -- we win and they lose. we do not want to tax the small businesses. we want them to hire more people. that is essential. none of this is going to work, no business will be confident to take the risk to hire people, give the raises and job security, if they see the government borrowing and spending like it is. we cannot keep borrowing 36 cents of every dollar the government spends. we cannot keep the federal reserve doing what it is doing. we cannot keep looking our children in the eye knowing we're going to give them a diminished future because we are spending their money today. it is a simple idea. mi
that only pays for 8% of his proposed deficit spending. overseas, where i come from, that means make superior. we both live near canada. the canadians have this figured out. other countries have this figured out. canadians lowered taxes on businesses to 15%. president obama wants the tax rate on our successful small businesses and job creators above 40%. when we tax our job creators at much higher tax rates than foreign competitors, we went -- we win and they lose. we do not want to tax the...
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they have a budge big deficit wh women, and they're trying to close it. >> greta: rick? >> no subtly in terms of the campaign messaging. i go one step further, i think that was midwestern accents i heard. >> greta: either from illinois or wisconsin. >> we really like you if you live in wisconsin or ohio or illinois. they need to be doing better among women. republicans almost always lose women in republican conventions. can't lose it as badly as they are right now to barack obama. >> when you look at the money spent on this ad, they're spending $10 million on this push, and much of it is going to those exact midwestern states, wisconsin, ohio and iowa, the states that romney needs to kind of gain ground on. >> wisconsin really opens up possibilities. without wisconsin, it's looking very hard, particularly the way things are looking in ohio, so many other swing states. if he can get florida or wisconsin, he has a path. >> greta: those were nice ads. no one is said to be a rot and horrible person, a thief or crook. it was a nice ad. >> that's the point. the country hasn't
they have a budge big deficit wh women, and they're trying to close it. >> greta: rick? >> no subtly in terms of the campaign messaging. i go one step further, i think that was midwestern accents i heard. >> greta: either from illinois or wisconsin. >> we really like you if you live in wisconsin or ohio or illinois. they need to be doing better among women. republicans almost always lose women in republican conventions. can't lose it as badly as they are right now to...
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i think is liberal to cut taxes when you are operating a deficit, because you are spending money. >> i do not think your labels mean a lot. what i have said from the beginning -- the centerpiece of our problems is the national debt. we simply have to look at this. whether we do it this year because of the way our economy is or next year, a two-door 0.3 trillion -- 2.3 doris trillion -- >> i want you to respond to this. >> i'm glad there is a clear contrast between the two of us. i do not believe we should raise taxes. i do not think the problem is that americans are not taxed enough. mr. sadler has been very candid that he would consider raising taxes on every single tax and who pays income tax is. >> that is not fair. >> if you would consider allowing all of the bush tax cuts to expire, that would raise taxes on every single tax and who pays income tax. are the texans to pay income taxes we would not raise taxes on? you did not have an answer. >> you will not put words in my mouth. i would say, the first place, we have to balance the budget, cut spending, and raise revenue to reduce
i think is liberal to cut taxes when you are operating a deficit, because you are spending money. >> i do not think your labels mean a lot. what i have said from the beginning -- the centerpiece of our problems is the national debt. we simply have to look at this. whether we do it this year because of the way our economy is or next year, a two-door 0.3 trillion -- 2.3 doris trillion -- >> i want you to respond to this. >> i'm glad there is a clear contrast between the two of...
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we have taken the difficult decisions to reduce the deficit by a quarter and have laid the foundations for a stronger, more balanced economy capable of delivering real and lasting growth. but conference, our task is far from complete, our party's journey far from over. i know that there are some in the party -- some in this hall even -- who, faced with several more years of spending restraint, would rather turn back than press on. break our deal with the conservatives, give up on the coalition, and present ourselves to the electorate in 2015 as a party unchanged. it's an alluring prospect in some ways. gone would be the difficult choices, the hard decisions, the necessary compromises. and gone too would be the vitriol and abuse, from right and left, as we work every day to keep this government anchored in the centre ground. but conference, i tell you this. the choice between the party we were, and the party we are becoming, is a false one. the past is gone and it isn't coming back. if voters want a party of opposition -- a "stop the world i want to get off" party -- they've got plenty
we have taken the difficult decisions to reduce the deficit by a quarter and have laid the foundations for a stronger, more balanced economy capable of delivering real and lasting growth. but conference, our task is far from complete, our party's journey far from over. i know that there are some in the party -- some in this hall even -- who, faced with several more years of spending restraint, would rather turn back than press on. break our deal with the conservatives, give up on the coalition,...
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i think is liberal to cut taxes when you are operating a deficit, because you are spending money. >> i do not think your labels mean a lot. what i have said from the beginning -- the centerpiece of our problems is the national debt. we simply have to look at this. whether we do it this year because of the way our economy is or next year, $2.3 trillion. >> i want you to respond to this. >> i'm glad there is a clear contrast between the two of us. i do not believe we should raise taxes. i do not think the problem is that americans are not taxed enough. mr. sadler has been very candid that he would consider raising taxes on every single tax and who pays income tax is. >> that is not fair. >> if you would consider allowing all of the bush tax cuts to expire, that would raise taxes on every single tax and who pays income tax. are the texans to pay income taxes we would not raise taxes on? you did not have an answer. >> you will not put words in my mouth. i would say, the first place, we have to balance the budget, cut spending, and raise revenue to reduce the national debt. you have never
i think is liberal to cut taxes when you are operating a deficit, because you are spending money. >> i do not think your labels mean a lot. what i have said from the beginning -- the centerpiece of our problems is the national debt. we simply have to look at this. whether we do it this year because of the way our economy is or next year, $2.3 trillion. >> i want you to respond to this. >> i'm glad there is a clear contrast between the two of us. i do not believe we should...
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you have $260 billion deficit. you cannot wish it away. you will not slow the spending. you refuse to do that. >> mr. mondale, i'm afraid your time is up. >> as we get closer to this year's first presidential debate, we are taking a look back at debates from some of our archives, starting with president reagan and walter mondale at 7:00 p.m. eastern. later, the debate between president bush, bill clinton, and ross perot. after that, vice-president al gore and george w. bush. they are all here tonight on c- span. >> september 11, 2001, was a day that changed my life forever. it changed america's life. i am going to go through a powerpoint presentation which will go through a historical account of the events that transpired that day. it gets pretty intense. a lot of these happen pretty quickly. i will do my best not to ramble on and go to fast, but i would ask you to sit back, clear your mind, put yourself in that room, and you will get a real sense of what it was like to be at the top of the food chain, the national command authority, as a nationf 300 million americans wa
you have $260 billion deficit. you cannot wish it away. you will not slow the spending. you refuse to do that. >> mr. mondale, i'm afraid your time is up. >> as we get closer to this year's first presidential debate, we are taking a look back at debates from some of our archives, starting with president reagan and walter mondale at 7:00 p.m. eastern. later, the debate between president bush, bill clinton, and ross perot. after that, vice-president al gore and george w. bush. they...
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he's increased the deficit a trillion dollars a year. so let's start with the failures of this administration. mitt romney has said look, we've got to cut spending, we're broke, we've overpromised, we've overspent -- >> but sir -- >> and -- >> governor, where would he cut the spending. >> let's trust him on that. >> you cut a lot of domestic -- we've already got a plan to cut a trillion -- $1.2 trillion. half of it is balanced on defense spending in a time of war. that's a mistake. and so i think we need to cut trillions of dollars in order to get our budget balanced. and you could start with cutting two or three or 4% almost across the board some of the things that other governors have done, by i think you target it in those areas where the spending has not produced tangible results in the quality of life for the people. i can just tell you, andrea, i did it in virginia, governors like christie and scott and kasic and walker have done it in all of their states, mitt romney did it when he was governor of massachusetts, $3.5 billion defic
he's increased the deficit a trillion dollars a year. so let's start with the failures of this administration. mitt romney has said look, we've got to cut spending, we're broke, we've overpromised, we've overspent -- >> but sir -- >> and -- >> governor, where would he cut the spending. >> let's trust him on that. >> you cut a lot of domestic -- we've already got a plan to cut a trillion -- $1.2 trillion. half of it is balanced on defense spending in a time of war....
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why do we have a deficit? we have a deficit because of the bushmen in their tax cuts, -- bush millionaires' tax cuts, because they are not paying their fair share of taxes. mitt romney is paying 14% of his income. i do not care how much mr. plummer made, but it is how much he paid. if mitt romney paid 14%, mr. plummer want to go to congress and he wants to write tax policy. don't you think it is fair that he discloses what his tax returns are? [applause] center brady, his running mate, in his failed bid to become lieutenant governor, released his tax returns. he did not pay any federal income tax for two years. what is it that mr. plummer has not paid? >> mr. palmer? >> i will answer the question. if you look and what is happening right now in the united states, if you look at what is happening, you have politicians of both polos -- part is not being honest with the voters. the bush tax cuts -- i will call of the obama tax cuts because they supported the extension. we have a tax code that is more than 72,000 p
why do we have a deficit? we have a deficit because of the bushmen in their tax cuts, -- bush millionaires' tax cuts, because they are not paying their fair share of taxes. mitt romney is paying 14% of his income. i do not care how much mr. plummer made, but it is how much he paid. if mitt romney paid 14%, mr. plummer want to go to congress and he wants to write tax policy. don't you think it is fair that he discloses what his tax returns are? [applause] center brady, his running mate, in his...
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can you tell us otherwise you will end up with $40 trillion deficit, which tax loopholes will you close? >> kimberly: playing the role of mitt romney, eric bolling. >> eric: when you lower taxes and let people keep more of their money you bring growth back. >> bob: we have seen that work. >> kimberly: he won the debate. that easy. andrea what is your question? >> andrea: bill clinton spoke at the convention and he seemed to help barack obama. i am going to bring up bill clinton. president obama, when bill clinton left office he balanced the budget, cut social programs the unemployment number was low. urn your watch, the opposite happened. we have seen the budget been busted. so how are you like bill clinton? that is a tough question for him to answer. if it's me, i ask him, listen, i release my taxes. you have yet to release academic records, the white house records, see what he says. that would be tougher to answer. >> bob: for eight years we were all in a coma. curious. >> kimberly: bob is out of order. we're bring you back in "e" block. >> bob: clinton to obama. >> kimberly: guess wh
can you tell us otherwise you will end up with $40 trillion deficit, which tax loopholes will you close? >> kimberly: playing the role of mitt romney, eric bolling. >> eric: when you lower taxes and let people keep more of their money you bring growth back. >> bob: we have seen that work. >> kimberly: he won the debate. that easy. andrea what is your question? >> andrea: bill clinton spoke at the convention and he seemed to help barack obama. i am going to bring up...
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now we have a $1 trillion deficit the last fiscal year. if the defense hawks of the military industrial complex want to increase defense spending -- is that not cry out for tax increases? if he was significant spending -- if you want more spending even though we did not have a major threat by the soviet union facing us, does that not require -- let me mention some some balls. i. simpson bowles calls for cuts in defense. >> people thought a lot of figures. on a few of them are right. defense spending is only 20% of the discretionary budget. the defense of the country is -- we do have to see that that is being maintained at an adequate level. no one suggest we are in less dangerous times. the reverse is true. cyberwarfare. thing about north korea. -- think about north korea. we have the kind of unlevel playing field that has worked so well all this time. we're not going into a period that is fatal. how do you balance your budget is a bigger question. that is what we elected our members of congress to do, to make those tough decisions about e
now we have a $1 trillion deficit the last fiscal year. if the defense hawks of the military industrial complex want to increase defense spending -- is that not cry out for tax increases? if he was significant spending -- if you want more spending even though we did not have a major threat by the soviet union facing us, does that not require -- let me mention some some balls. i. simpson bowles calls for cuts in defense. >> people thought a lot of figures. on a few of them are right....
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debate can any amount of rhetoric fill the gaps in their deficit plans and where is the country headed without sound mass let alone sound money we'll hear from blogger author and radio host karl denninger of the marketing are on that and while the budget plans the presidential candidates may not add up we already know the lack of government planning has the u.s. poised for this. fiscal cliff looming the fiscal cliff it's looming gorged partisan politics could push america over of this cliff. but daunting name and the rest of us died what exactly does this entailed break down the potential damage and word of the day and give you a glaring example of the wasteful costs of political uncertainty all ready documented plus we have a potpourri of manufacturing data out some points to opposite directions for the u.s. and of flu as it points to negative. outcomes in europe our guest will help us make sense of these ingredients and tell us why he thinks the u.s. recession is already baked into the cake let's get to today's capital account. so income obama and challenger mitt romney are getting r
debate can any amount of rhetoric fill the gaps in their deficit plans and where is the country headed without sound mass let alone sound money we'll hear from blogger author and radio host karl denninger of the marketing are on that and while the budget plans the presidential candidates may not add up we already know the lack of government planning has the u.s. poised for this. fiscal cliff looming the fiscal cliff it's looming gorged partisan politics could push america over of this cliff....
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budget deficit. douglas you're going to text a living be jesus out of the middle class and that's the unfortunate reality is that there aren't enough rich people to tax to close the deficit you could tax all the rich people everyone over two hundred fifty thousand dollars at one hundred percent of their and then you'd still have a deficit so of course the problem with doing that is that the second year and nobody would make more than two hundred forty nine thousand dollars they'd all go to the beach toys for the rest of the year. and and that's the challenge that you have is that trying to use tax policy as a means of addressing overspending does not work and yet we have drivers of spending in this country specifically health care which is turf following monopoly protections built all throughout the system all of which wind up costing us ridiculous about somebody and then defense which we spend a crazy amount of money on in no small part because we have had our head in the sand for thirty five years
budget deficit. douglas you're going to text a living be jesus out of the middle class and that's the unfortunate reality is that there aren't enough rich people to tax to close the deficit you could tax all the rich people everyone over two hundred fifty thousand dollars at one hundred percent of their and then you'd still have a deficit so of course the problem with doing that is that the second year and nobody would make more than two hundred forty nine thousand dollars they'd all go to the...
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we can get away from the deficit. this hurt those people who had committed most to us in the sense that, what is going on here? here is this guy who was a arrested with illegal weapons. what was he doing? this hurt the trust. we just uncovered -- recovered from that when we have the osama bin laden raid. i am convinced, as most people will look at the evidence are convinced, that the top leadership, military, intelligence, and civilians, did not know osama bin laden was in abbottabad. all of us were exhausted from staying up a whole night. it was a punch drunk meeting. the first thing they said was congratulations. they realize someone who they were against and wanted to see gone was gone. it was only a few days after that that they realize that the political price the military was paying that that became manifest, when public american commentators said you are either implicit or incompetent, it happen to be true. it put them very much on the spot. the response by those pakistanis who had committed to working with us,
we can get away from the deficit. this hurt those people who had committed most to us in the sense that, what is going on here? here is this guy who was a arrested with illegal weapons. what was he doing? this hurt the trust. we just uncovered -- recovered from that when we have the osama bin laden raid. i am convinced, as most people will look at the evidence are convinced, that the top leadership, military, intelligence, and civilians, did not know osama bin laden was in abbottabad. all of us...
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if you want to talk about closing the debt, the deficit. allow fracking. frac away. by the way, there is nothing, never has been any proof of disease or anything -- >> greg: they tried it with breast cancer -- >> bob: i wasn't supposed to talk about the disease part. andrea made a good point. marellus shale runs from ohio, to upper new york state. our friend denny harton you met. friend from west virginia. he convinced me how safe fracking was. it's an important point. if you drive buss with natural gas, it seems you can drive anything with natural gas, right? >> bob: he told me we didn't have the infrastructure to carry natural gas. why not invest in infrastructure to carry natural gas? not have so much dependency on foreign oil. >> kimberly: welcome to the conservative party, bob beckel. >> andrea: can you spread that in your party >> eric: >> bob: when you have that much of an energy resource and you know it runs things, the only problem, of course, is that -- well, anyway. >> greg: k.g. -- >> kimberly: i'm for fracking all the way and anything that gives us energ
if you want to talk about closing the debt, the deficit. allow fracking. frac away. by the way, there is nothing, never has been any proof of disease or anything -- >> greg: they tried it with breast cancer -- >> bob: i wasn't supposed to talk about the disease part. andrea made a good point. marellus shale runs from ohio, to upper new york state. our friend denny harton you met. friend from west virginia. he convinced me how safe fracking was. it's an important point. if you drive...
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the fact of the matter is i have been working to bring down the deficit for years. it is very important we do it for the very reason that was stated about national security. let's examine the facts. my number one, too, and three priorities are creating jobs in the state of nevada. we help small businesses, make nevada the energy jobs capital of the united states, we create good paying jobs right here in the state of nevada, help our tourism industry create good paying jobs. my opponent does not do anything for middle income families. he does nothing to get people back to work. i am fighting day and night to make sure we get good paying jobs, that we keep people in their homes, that we protect medicare and social security. my opponent is voting for budget after budget that takes away and balances our budget on the backs of our senior citizens and our veterans. >> thank you. our next question is directed at senator heller. >> into 2011, you voted twice, once as a congressman and once at a senator, for a plan that would change the medicare program. could you explain yo
the fact of the matter is i have been working to bring down the deficit for years. it is very important we do it for the very reason that was stated about national security. let's examine the facts. my number one, too, and three priorities are creating jobs in the state of nevada. we help small businesses, make nevada the energy jobs capital of the united states, we create good paying jobs right here in the state of nevada, help our tourism industry create good paying jobs. my opponent does not...
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and it would also help close the budget deficit. melissa: that is genius. has anyone talked about seriously doing this you think? >> people are gradually getting. i live in colorado but i spent some time in washington and i've been needling people about this for a year saying as we talk about the budget deficit after the election this, is one of the contributions. given all the increase in production from the bakken, from eagle shale and so on, we don't need so much. we need all the sources. also the u.s. government for 40 years or so, maybe 60 has been selling off strategic stocks it doesn't need. sold off the tin strategic stock. sold off helium strategic stock. this serve as purpose after the --. melissa: phil, love it. it is a interesting and provocative idea. you have to come back on and tell me if you hear it getting any traction. >> i will keep in touch. it is a lot of fun, thank you. melissa: thank you so much of. >> bye. melissa: all right, iranian president mahmoud ahmadinejad speaking at the u.n. today. his words and timing are causing controvers
and it would also help close the budget deficit. melissa: that is genius. has anyone talked about seriously doing this you think? >> people are gradually getting. i live in colorado but i spent some time in washington and i've been needling people about this for a year saying as we talk about the budget deficit after the election this, is one of the contributions. given all the increase in production from the bakken, from eagle shale and so on, we don't need so much. we need all the...
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obama is at it again, spending your tax dollars per "two things about that -- the fed is reducing the deficit and making huge profits returning record amounts of money to the treasury as a result of all their previous quantitative easing. so the opposite of spending your tax dollars is true. and of course the fed is legally independent and run by guy appointed by george w. bush. so this was so completely over the top that we decided we have to do a piece on that particular e-mail. pretty much these messages to true believers exceed what we have already defunct. >> we are out of time. thank you for your attention. we appreciate your questions. [applause] >> coming at 4:30, we will be live at the un for a speech from the president of libya. he will be speaking before the general assembly gathered this week. coverage starting at 4:30 eastern. we will have that live on c- span. before that, earlier today, israeli prime minister benjamin netanyahu spoke to the world body. this is just over half an hour. [applause] >> thank you very much, mr. president. is a pleasure to see that general assembly pr
obama is at it again, spending your tax dollars per "two things about that -- the fed is reducing the deficit and making huge profits returning record amounts of money to the treasury as a result of all their previous quantitative easing. so the opposite of spending your tax dollars is true. and of course the fed is legally independent and run by guy appointed by george w. bush. so this was so completely over the top that we decided we have to do a piece on that particular e-mail. pretty...
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it's going back to a time of constrained resources, budget deficits and deficits, then -- budget deficits, then we need to make sure we are receiving their return on those funds. host: but what is the process of approval for the state and federal levels? guest: if it is formula funds, is pretty much up to the states. they do this for highway entry and then for projects. it is preparing a list of projects that technically have to be approved, making sure they meet federal standards and criteria. but it is not a strategic program, but just a list of projects. in the case of discretionary grants, and the new starts program being a big element of that, this is a resource process. something that the criteria that applied in making a decision about money to new york or money to denver, sometimes those criteria are too rigorous, not per bree, etc. it is a very extensive -- not appropriate, etc. it is a very extensive and respect application. these projects often take 10 years, 15 years, 20 years in some cases to be completed. there has to be some degree of the assurance that the federal funds wi
it's going back to a time of constrained resources, budget deficits and deficits, then -- budget deficits, then we need to make sure we are receiving their return on those funds. host: but what is the process of approval for the state and federal levels? guest: if it is formula funds, is pretty much up to the states. they do this for highway entry and then for projects. it is preparing a list of projects that technically have to be approved, making sure they meet federal standards and criteria....